Uzbekistan has disclosed its main importers of goods and services in 2022. According to the Uzbek State Statistics Committee, China was the main export destination for Uzbekistan from January through December 2022, closely followed by Russia.
China stepped up imports of gold from Russia in 2022, according to data released by the Chinese Ministry of Customs last week. Last year, China bought a total of 6.6 tons of Russian gold, worth a record US$386.9 million, including shipments in both unprocessed (3.7 tons) and semi-processed form (2.9 tons). In December alone, gold[…..]
Batumi Port City, Georgia Georgia exported locally produced goods worth US$5.59 billion in 2022, a 31.8% increase year-on-year, according to preliminary data from the Georgian National Statistics Office. Georgia’s top trading partners were: China – US$694.8 million Russia – US$536.1 million Bulgaria – US$419.9 million Georgian exports received a boost due to handling parallel imports[…..]
By Chris Devonshire-Ellis The proposed Chinese funding of a US$2.2 billion Ugandan railway has fallen through, with Chinese investors ultimately doubting the viability of the project. The route, originally to link the Ugandan capital Kampala to the border with Kenya, would have linked up with another Chinese-built rail project being built in Kenya, with[…..]
By Chris Devonshire-Ellis Davos 2023 is taking place amongst an increasingly insecure world with recessions imminent or expected. Regional conflicts and a global struggle for supremacy are unfolding as a scramble for energy resources, and climate warming problems appear at increasingly opposite ends of the political spectrum. China’s geopolitical position, as the world’s largest trading[…..]
The volume of freight transportation via transport methods increased 29.8% in Kyrgyzstan during 2022, according to the National Statistical Committee of Kyrgyzstan. Freight transportation by all modes of transport in Kyrgyzstan amounted to 44.2 million tons over the year, up from 34.1 million tons in 2021. Road transportation accounted for the largest increase, with the[…..]
By Chris Devonshire-Ellis Nicolas Maduro, the Venezuelan President, has proposed establishing a new international bloc involving Latin American and Caribbean countries that would have close ties to Russia and China. Venezuela is also under strict US sanctions due to political disputes with the United States. The country possesses the world’s largest proven oil reserves[…..]
The Kyrgyz parliament has adopted a law under which foreign citizens who invest US$230,000 in the country’s economy will have the right to receive 10-year visas. The Kyrgyz parliament considered and passed in the third reading a bill On Changes to the Law of the Kyrgyz Republic On External Migration.
China has signed Belt and Road Initiative cooperation agreements with all five Central Asian countries after China signed a memorandum of understanding with Turkmenistan days ago, and China’s BRI cooperation circle is still expanding, according to Ministry of Foreign Affairs spokesperson Wang Wenbin.
China and Argentina have formalized the expansion of a currency swap deal, according to the Central Bank of Argentina. The step is expected to boost Argentina’s forex reserves. The currency swap agreement allows Argentinian companies that export to China to make settlements in Yuan or US Dollars, which eases the outflow of foreign currency from[…..]